Ibew Local 18 Health & Welfare Tr
- Assets
- $58.1m
- Revenue
- $170.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1996
- Data as of
- 06/2022
- EIN
- 95-7008736
Organization Overview
Ibew Local 18 Health & Welfare Tr is located in Los Angeles, CA. The organization was established in 1996. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibew Local 18 Health & Welfare Tr is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2022, Ibew Local 18 Health & Welfare Tr generated $170.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $164.0m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian D'arcy Chairman - Past | Officer | 1 | $0 |
Gustavo Corona Chairman | Officer | 1 | $0 |
Shawn Mccloud Assistant Business Manager | 0 | $0 | |
Martin Marrufo Assistant Business Manager | 0 | $0 | |
Jennifer Hadley Assistant Business Manager | 0 | $0 | |
Nancy Romero Business Representative | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benefit Service Center Administrative Fees | 6/29/22 | $1,052,880 |
Wells Fargo Advisors Investment Manager | 6/29/22 | $268,741 |
Miller Kaplan Arase Llp Auditing Services | 6/29/22 | $118,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $167,167,807 |
| Investment income | $1,131,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,196,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $161,800,603 |
| Compensation of current officers, directors, key employees. | $11,847 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,787 |
| Pension plan accruals and contributions | $54,346 |
| Other employee benefits | $51,813 |
| Payroll taxes | $19,482 |
| Fees for services: Management | $1,069,246 |
| Fees for services: Legal | $9,610 |
| Fees for services: Accounting | $119,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $297,243 |
| Fees for services: Other | $158,322 |
| Advertising and promotion | $0 |
| Office expenses | $13,383 |
| Information technology | $652 |
| Royalties | $0 |
| Occupancy | $38,899 |
| Travel | $31,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,903 |
| All other expenses | $5,798 |
| Total functional expenses | $163,950,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590,003 |
| Savings and temporary cash investments | $20,427,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,119,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $867,353 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,745 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,052,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,091,221 |
| Accounts payable and accrued expenses | $6,824 |
| Grants payable | $0 |
| Deferred revenue | $28,307,822 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $330,214 |
| Total liabilities | $28,644,860 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,446,361 |
| Total liabilities and net assets/fund balances | $58,091,221 |